Pot stocks jump as U.S. DOJ moves to reclassify cannabis as a less dangerous drug

(Reuters) -Shares of cannabis companies surged on Tuesday afternoon after the U.S. Department of Justice (DoJ) moved to reclassify marijuana as a less dangerous drug. U.S.-listed shares of Cronos Group, Tilray Brands and Canopy Growth rose between 14.9% and 67.7%, while ETF AdvisorShares Pure US Cannabis soared 24.8%. Canada-listed Green Thumb Industries and Trulieve Cannabis were also up 26.6% and 37.3%, respectively.

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